Coin Press - Economy

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Stocks, dollar rise before key US inflation data

Major stock markets mostly rose and the dollar gained slightly Friday as investors awaited the release of key US inflation data that could cement expectations that the Federal Reserve will cut interest rates next year.

Markets rise ahead of US data, expected Fed rate cut

Equity markets rose going into the weekend on Friday following a broadly positive lead from Wall Street as a mixed bag of US data did little to change expectations the Federal Reserve will cut interest rates next week.

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Stocks lose steam on AI concerns as jobs data cloud rate cut hopes

Stock markets were mixed Thursday as a rally lost momentum after US jobs data clouded hopes of further interest rate cuts and fears of an AI bubble persisted.

Italy probes Tod's executives over labour exploitation

Italian prosecutors are investigating three executives from luxury fashion label Tod's, as well as the company itself, for alleged labour exploitation, according to a court document seen Thursday by AFP.

Montpellier deny 'racism' allegations in Fowler's book

French club Montpellier on Thursday denied allegations which appeared in a book by former player Mary Fowler, insisting the "subject of racism is a serious one that cannot be exploited".

Germany says China promised 'reliable' rare earth supply

Germany's finance minister said Thursday Beijing had made a "clear" commitment on ensuring rare earth supplies, following the first visit to China by a minister from Chancellor Friedrich Merz's government.

AI's blind spot: tools fail to detect their own fakes

When outraged Filipinos turned to an AI-powered chatbot to verify a viral photograph of a lawmaker embroiled in a corruption scandal, the tool failed to detect it was fabricated -- even though it had generated the image itself.

US unemployment up even as hiring beat expectations in delayed report

The US jobless rate crept up in September although hiring exceeded analyst expectations, according to a delayed employment report published Thursday after a record-long government shutdown.

US unemployment up even as hiring beats expectations in delayed report

The US jobless rate crept up in September even as hiring exceeded analyst expectations, according to a delayed employment report published Thursday after a record-long government shutdown.

Walmart earnings beat expectations as shoppers seek savings

US retail giant Walmart reported higher quarterly revenue Thursday and raised its outlook, in an expectations-beating earnings report as American households feel the squeeze from rising costs of living.

Walmart lifts outlook in quarterly results with e-commerce boost

Lufthansa enters race for TAP stake against Air France-KLM

Germany's Lufthansa on Thursday expressed an interest for a stake in TAP Air Portugal, joining Air France-KLM in the race for part of the carrier which is set to be privatised.

Stocks mostly rise as Nvidia calms AI fears

Most stock markets rallied on Thursday after strong earnings from chip titan Nvidia eased fears of an AI bubble.

Stocks rally as bumber Nvidia report offsets Fed rate concern

Asian markets rallied Thursday after blowout earnings from chip powerhouse Nvidia cooled worries over an AI bubble and overshadowed a Federal Reserve report that dealt a blow to hopes for a December interest rate cut.

French scientists probe mRNA's potential to fight cancer

Inside a lab in the French city of Orleans, scientists are testing out the limits of molecules in our body called messenger RNA -- best known for being used in Covid-19 vaccines -- in the hopes of finding a breakthrough treatment for a particularly deadly cancer.

Brazil's planned railway to Amazon draws fire on margins of COP30

Indigenous protesters at UN climate talks in Brazil have zeroed in on a major grievance: A planned railway that would stretch almost the distance from London to Berlin and cut through the Amazon rainforest.

Unequal South Africa seeks to tackle inequality as its G20 'legacy'

From the scrappy metal shacks packed tightly on the banks of the thin Jukskei river, the sparkly skyline of Johannesburg's richest neighbourhood less than two miles away was another world.

Something for moi? Miss Piggy's shoes go under the hammer

Some of Jim Henson's most memorable creations go under the hammer in California next week, with the first US auction of puppets and memorabilia from the late entertainer's decades-long career.

Nvidia reports 'off the charts' demand for AI chips

Nvidia shares climbed Wednesday after it beat quarterly earnings expectations on fierce demand for its sophisticated chips that power artificial intelligence.

Swiss queasy over chlorinated chicken fears in US tariff deal

Relief has given way to anxiety in Switzerland over the concessions made to spare the small Alpine nation from US President Donald Trump's threat of a stark 39 percent tariff.

Stocks steadier before key Nvidia results as oil slides

Stocks steadied Wednesday following heavy losses as investors awaited Nvidia earnings for further clues about whether AI-fuelled valuations are justified.

Mammoth German rail project hits the buffers - again

The opening of a mammoth German rail project, which has become emblematic of the infrastructure woes plaguing Europe's biggest economy, has been delayed yet again, reports said Wednesday.

To combat climate anxiety, COP negotiator recommends meditation

To handle the stress of negotiating deals on attempts to curb catastrophic global warming, Christiana Figueres, one of the main architects of the Paris Agreement, recommends meditation.

'Fantastic': nursing home pub lifts spirits in France

On a recent Saturday in a retirement home in the northeastern French village of Kunheim, happy hour started early.

UN nuclear head renews call for Iran to allow inspections at key sites

The head of the UN nuclear agency on Wednesday renewed his call for Iran to allow inspections at key nuclear sites attacked by Israel and the United States in June.

Netherlands halts Nexperia takeover in gesture to China: minister

The Netherlands has suspended its proposed takeover of Chinese-owned chip maker Nexperia in a sign of "good will" towards Beijing, Dutch Economy Minister Vincent Karremans said Wednesday.

China passes US to return as Germany's top trade partner

China has reclaimed its title as Germany's top trading partner, dethroning the United States after President Donald Trump launched his tariff onslaught, official data showed Wednesday.

Why is bitcoin plunging?

The value of bitcoin has fallen sharply since reaching record heights last month, briefly falling below $90,000 on Tuesday compared with above $126,000 at the start of October.

South Africa to host G20 summit boycotted by US

South Africa will host the G20 summit this weekend, aiming to secure commitments on debt relief for developing countries and to tackle global inequalities as the United States boycotts the event.

Nuts and beer: booze-free bar offers Saudis a pub vibe

Draft beer, peanuts and big-screen sports... the scene is reminiscent of pubs worldwide, but in Saudi Arabia's capital, customers in white robes or black veils sip alcohol-free pints with no expectation of a hangover.

Meta wins major antitrust case as US judge rules no monopoly

A US judge dismissed the federal government's antitrust lawsuit against Meta on Tuesday, ruling that the tech giant's acquisition of Instagram and Whatsapp did not constitute an illegal monopoly in social media.

Germany hopes new data centre can help bring 'digital sovereignty'

A new mega data centre is slated to rise in a rural stretch of eastern Germany in what backers hope is a starting point for a European AI sector that can compete with the United States and China.

French court says Perrier can keep marketing as 'natural mineral water'

A French court on Tuesday said Perrier can keep selling its famed sparkling beverage as "natural mineral water", rejecting a case brought by a consumer rights group that said the label was misleading and urged the suspension of sales.

IMF gold sales among measures to tackle debt, says report for G20

South African President Cyril Ramaphosa welcomed Tuesday a G20-commissioned report proposing the sale of some of the IMF's "hoard of gold" and a review of lending practices among measures to tackle Africa's crippling debt.

Coin Press - Economy (English)